Khurram Saeed

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STAMP DUTY CHANGES THREATEN LAND SUPPLY

Posted by Khurram Saeed on Jun 7, 2019 12:37:30 PM

The proposed changes to Stamp Duty charges on LDAs and JVs threatens a key plank of the delivery of land in Melbourne.
Tens of thousands of lots have been delivered under the LDA model by some of Victoria’s biggest developers such as Lend Lease, Dennis Family and Stockland and many thousands more lots depend on the structure to continue to provide supply.
For example, Stockland is developing 25,000 lots at Cloverton in Mickleham under an LDA and Caroline Springs was one of the most successful of the LDA developments.
If the LDA model is forced to pay Stamp Duty of 5.5% upfront then it will remove a key financial advantage to the delivery model and threaten the supply of land in Growth Areas. This will ultimately result in a future rise in land prices as demand exceeds supply.
The LDA model is useful for developers as it delays the Stamp Duty payments, not avoids them, until the land is productive and delivering lots to the market after the core infrastructure and pre-development costs have been paid.
This leads to more affordable estates due to a regular, long term supply of land which is what the Government requires to house the 100,000 + people that migrate to Victoria every year.
The Stamp Duty tax grab will also have a profound effect on small and medium sized developers too.
Resi Ventures is currently delivering thousands of lots under its unique LDA model and plans to deliver thousands more in the next decade but this is threatened by this new tax grab. 
Currently Resi Ventures buys land under the LDA model on 3-4 year terms before Stamp Duty costs are incurred which is cashflow efficient.
We are not avoiding Stamp Duty just postponing the payment so we can deliver more affordable land.
Our legal advice says the tax changes will kill the market and could actually reduce revenue to Treasury by removing the LDA model from the market.

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Topics: Land Development Agreements

HOW MELBOURNE LAND OWNERS CAN STILL ACHIEVE 2017 PEAK VALUES

Posted by Khurram Saeed on Apr 16, 2019 12:10:47 PM

Melbourne landowners looking to sell their broadacre land can still realise peak value if they choose to proceed with a Land Development Agreement (LDA) with Resi Ventures.

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Topics: Land Development Agreements

CONSTRUCTION OF STAGES 4-6 STARTED

Posted by Khurram Saeed on Jan 25, 2019 8:01:00 AM


Screen Shot 2019-01-23 at 3.01.43 pm

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Topics: #landdevelopmentagreements, #LDA, #resiventures, #rockbank, #accolade, #funding, construction

ACCOLADE CONSTRUCTION UPDATE

Posted by Khurram Saeed on Jan 8, 2019 6:03:04 PM

The team in conjunction with Bitu-mill is very proud to see construction progressing strongly at Accolade.  Stage 1 – Civil phase is 55% complete, Stage 2 – Civil phase is over 40% complete, while Stage 3 Civils are 35% complete.  Titles for Stages 1 to 3 should be delivered in Q2 2019.

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Topics: #jointventure, #LDA, #accolade, #funding, construction

Why Land Development Agreements are becoming so popular in today's market

Posted by Khurram Saeed on Jan 7, 2019 3:56:00 PM

A Land Development Agreement in essence allows the Landowner to put the land in the deal, have the security of staying on title and share in the development upside in a tax effective manner whilst the developer takes the risk in developing their land.

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Topics: #PSP, #jointventure, #rezone, #landdevelopmentagreements, #LDA, #Plumpton, #rockbank, #accolade, construction, #maximiseprofits, land development agreement, development agreement

What is the difference between an LDA and a Development Agreement?

Posted by Khurram Saeed on Dec 13, 2018 1:44:47 PM
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Topics: #jointventure, #landdevelopmentagreements, #LDA, #resiventures, land development agreement, development agreement

How Resi Ventures is helping First Home Buyers

Posted by Khurram Saeed on Nov 13, 2018 5:05:12 PM
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Topics: #rockbank, #accolade, FHB, #firsthomebuyers, lowdeposit

How to maximise the value of your UGZ land

Posted by Khurram Saeed on Nov 13, 2018 4:48:48 PM

 

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ACCOLADE CONSTRUCTION UPDATE OCT/NOV

Posted by Khurram Saeed on Oct 29, 2018 4:12:26 PM

 

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Topics: #landdevelopmentagreements, #LDA, #resiventures, #rockbank, #accolade

Speculators starting to panic as settlements due

Posted by Khurram Saeed on Aug 20, 2018 4:39:00 AM

 

Tighter lending by the major banks and a drop in demand from buyers is seeing broadacre prices easing in Melbourne’s growth areas in 2018 and this will challenge many land owners who are planning on selling their land at pre 2018 prices.

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Topics: #PSP, #jointventure, #Warran Brook, #landdevelopmentagreements, #LDA, #resiventures, #Plumpton, #rockbank, #accolade, #funding

Resi Ventures

Land Development Agreement

This blog will provide you with up to date information on the Resi Ventures LDA process and the latest on Melbourne's residential property market land deals.

  • Why you should consider an LDA
  • How an LDA can lead to a higher price for your land
  • Tax effective LDA contracts
  • Your added security with our LDA process

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